Resources On-Demand

Global Estate Planning in the Digital Era - 2021 (Part 1)

This webinar on demand is part of a series of webinars. Click here to read more

Overview

Estate planning is a strategic exercise and should take a multitude of factors into account. The instances of cross-border and digital investment have increased at a rapid pace over recent years. Asset ownership in foreign jurisdictions and digital assets are now key considerations when planning an estate. 

In this series, we will look at the critical aspects to be considered by the various parties involved in estate planning, with a focus on estate planning within the international and digital landscapes. This series consists of two parts (each webinar can be attended independently):

Webinar content

International Estate Planning in the Digital Era: Key Considerations

What are the key considerations for estate planning within the international and digital landscape?

• Estate Administration and the Trust Property Control Act:
  • Do we accept the concept that a family, asset or business trust is under attack?
  • Why do we continue to use trusts, in and outside South Africa?
• How to submit a South African will in a foreign jurisdiction – master process and the translation issues we face.
• Digital assets – what is included?
  • Cryptocurrency.
  • Non-fungible tokens (NFT).
  • Fintech banks.
  • All money wallets (including Wise and PayPal).
• Ordinarily resident v treaty resident status – valuation issues:
  • Residency considerations for estate duty.
  • Valuation issues.
  • Participation exemption on disposing/bequeathing 10 per cent or more held in a foreign company.
• Why it is dangerous bequeathing the free residue in an estate without first dealing with:
  • Digital assets.
  • The foreign assets.
  • Assets in civil jurisdictions.
• Joint accounts and investor visa properties held in countries where a South African trust or typical offshore trust is frowned upon.
• How to plan for and manage forced heirship issues, with a focus on:
  • Mauritius.
  • EU – The Spanish Villa and the Portuguese Golden Visa Property.
  • Assets exposed to USA death and gift taxes.
  • Sharia Law countries.
• Guest speaker: The research done by FirstRand Bank to guide their clients and include digital assets in their estate planning advisory and estate administration process.

Click here to book for the Full Series.

Who should attend?

Tax managers/consultants, heads of tax, professionals involved in estate planning or administration of estates